Fourteen Foot Bank Lighthouse Bidding Battle
A Bizarre Bidding Battle for Fourteen Foot Bank Lighthouse, located in the Delaware Bay, has surprisingly extended the federal government’s online auction. On this past Friday, private bids poured in postponing the close of the auction until Monday at 2:00 pm. If the unusual bidding continues than the auction could be extended further.
On Aug 20, Bidder “Zaboomba” posted a high bid of $120,000 for the 3-story cast-iron Victorian Revival Lighthouse which cost $125,000 to build in 1886. To follow the bidding which has been extended to August 21 at 2:00 pm, please visit the online auction web-page.
Bidding on this Lighthouse is bizarre for the following reasons:
10. The private owner has to maintain and preserve the property in accordance with federal standards.
9. The cost to restore and maintain abandoned offshore Lighthouses is expensive.
8. The Lighthouse most likely has toxic asbestos insulation and lead paint.
7. As an Active aid to Navigation, the private owner has to allow Coast Guard access to maintain and operate the Light.
6. The Lighthouse has No electrical service from the mainland.
5. The Lighthouse is not easy to dock at and mounting the caisson ladders is difficult.
4. Building a dock requires a State permit since the State owns the underwater land beneath the Lighthouse.
3. Sea birds roost at the Lighthouse.
2. The Lighthouse has No running water.
and, the number one reason why owning this Lighthouse is bizarre:
1. Using the privy (old fashioned toilet bench) is illegal since your “output” flows directly into the bay.
Only one reasonable question comes to mind:
Why would anyone want to own a impractical expensive offshore Lighthouse?
For more information about Fourteen Foot Bank Lighthouse, please visit the previous post, Lighthouse Auction Online, July 19, 2007